Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.

Freights and Freezes: This week in LPG

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Over the past two weeks, we have seen trade houses maintain their net long position in the front LST/FEI arb. However, open interest along the curve has been increasing w-o-w with the exception of the LST/FEI arb as players take a more risk-off approach given recent disruption to freight routes. A key macroeconomic factor this fortnight has been the Texas freeze, which has not only increased LPG demand, but has also stymied production, with as much as 650kpbd offline.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.